Overview

In an attempt to reduce the ongoing effects of climate change, many countries around the world are attempting to reduce their dependence on fossil-fuel-based energy. This has resulted in a global downturn in the overall demand for fossil fuels. Moreover, this downturn is now being significantly exacerbated by the reduced level of energy usage that has resulted from the ongoing Corona Virus Disease 2019 (COVID-19) pandemic. Given all this, many parties are predicting that new and renewable forms of energy will play an increasingly vital role in terms of meeting the world’s ever-growing hunger for energy.[1]